FOREX EUR/USD 10th June 2008

"Therefore a robust pattern early this week is to come down a test the 5-day 50% level, and then find support around Tuesday's 3-day lows before heading higher into Friday.

Basically the 3-day lows on Tuesday need to hold for a continuation upwards.

As we can see:- Friday's 3-day breakout and expectation price will come back and 're-test' the breakout before continuing with the Weekly Trend....

If the 3-day lows can hold..."

Yesterday's Report

EUR Daily and 3-day pattern

EURO reversed down from the highs and Spiral top back into the 5-day 50% level.

Expectation that the EURO will push lower on Tuesday, but the critical level on Tuesday will be the low which align with the June 50% level....

High risk trading longs below Tuesday's 3-day lows

Note: 3-day lows confirmed midnight GMT